Sachem Capital ( (SACH) ) has released a notification of late filing.
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Sachem Capital Corp. has filed a Form 12b-25 notifying investors of a delay in filing its Form 10-Q (Quarter Report) for the quarter ended March 31, 2026. The company says it needs more time to finalize its financial statements and disclosures, particularly around the accounting and disclosure treatment of recent transactions.
Management indicates that the Form 10-Q (Quarter Report) could not be filed on time without unreasonable effort or expense. It is working to complete the review and expects to submit the quarterly filing as soon as practicable within the standard five-calendar-day extension period allowed for a late Form 10-Q (Quarter Report).
Preliminary numbers point to a sharp deterioration in results compared with the same quarter in 2025. Net interest income is projected to fall about 4.9% to $3.6 million, while net interest results after credit provisions are expected to swing from a $2.7 million profit to a $1.8 million loss.
Other income is forecast to dip modestly, but operating expenses are expected to surge roughly 73.1% to $5.7 million. Taken together, the company anticipates a net loss of about $6.1 million versus net income of roughly $0.9 million a year earlier, and a net loss attributable to common shareholders of about $7.2 million versus $0.2 million previously.
Sachem Capital notes that these figures are preliminary and may change once management completes its review and the Form 10-Q (Quarter Report) is filed. The company also warns that its upcoming internal control assessment will include a material weakness, underscoring elevated operational and reporting risk for investors.
The notification includes the usual caution that these are forward-looking statements subject to change and no assurance can be given that expectations will be met. The company states that all other required periodic reports over the past year have been filed, and the Form 12b-25 was signed on May 18, 2026, by President and CEO John L. Villano, CPA, signaling ongoing efforts to remain compliant with SEC reporting rules despite the delay.
The most recent analyst rating on (SACH) stock is a Hold with a $1.25 price target. To see the full list of analyst forecasts on Sachem Capital stock, see the SACH Stock Forecast page.
Spark’s Take on SACH Stock
According to Spark, TipRanks’ AI Analyst, SACH is a Neutral.
The score is held back primarily by weakened financial performance (recent losses, negative returns, and leverage risk) despite positive operating/free cash flow. Valuation is supportive with a low P/E and very high dividend yield, while technicals show moderate positive momentum. Corporate events add a modest positive tilt due to funding-term extensions and signs of stabilization, but margin and book-value pressure temper the impact.
To see Spark’s full report on SACH stock, click here.
More about Sachem Capital
Sachem Capital Corp. is a real estate finance company that specializes in originating, underwriting, funding and servicing loans to real estate investors. The company typically focuses on short‑term, high‑yield loans, secured by first mortgage liens on residential or commercial properties, and funds its activities through a mix of equity and debt capital raised in public markets.
Average Trading Volume: 157,813
Technical Sentiment Signal: Sell
Current Market Cap: $49.41M
Find detailed analytics on SACH stock on TipRanks’ Stock Analysis page.